Islamic Refinance Facility for Modernization of SMEs (IRFMS)

Overview – Islamic Refinance Facility for Modernization of SMEs

SBP introduced this refinance facility to support a wide range of SME clusters and sectors. Financing shall be available for:

• Purchase of new imported or locally manufactured plant and machinery for BMR (Balancing, Modernization, and Replacement) or establishment of new SME units

• Import or local purchase of new generators, up to a maximum capacity of 500 KVA

• Upgradation of existing brick kilns and establishment of Zigzag technology-based brick kilns, classified under the SME sector